Laura Jewett

Laura Jewett

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Closed

$575,000

($351,230 down)
FHA

1514 E 124th Street, Los Angeles, CA 90059

3
2
1,405 sqft
PITI Monthly
$1,574.25 /mo

Listing courtesy of: Kimberlee Bilbrew, Keller Williams South Bay

Assumed Rate

3.9%
7.15%

Principal & Interest

$1,224 /mo
$1,752 /mo

What's Special

LOCATION
SPACIOUS
MODERN
COZY
RENTAL INCOME

Step into the potential of this spacious and versatile home, newly available for the first time. With three generously sized bedrooms and two full bathrooms, this property is a blank canvas waiting for your personal touch. Whether you're dreaming of a modern makeover or a cozy, classic update, the possibilities are truly endless. The home features a long driveway and a garage with additional storage space, plus exciting potential for an Accessory Dwelling Unit (ADU) to suit your needs. Imagine the added convenience of extra living space or rental income! Located in a vibrant community, you'll enjoy easy access to several top-rated schools including King Drew Magnet High School, George Washington Carver Elementary School, and Centennial High School. For outdoor enthusiasts, Magic Johnson Park is just a stone’s throw away, offering green space and recreational opportunities. The Martin Luther King Jr. Community Hospital is also nearby, ensuring you’re close to essential services. Don’t miss out on this opportunity to create your dream home in a fantastic location. Bring your ideas and make this house your own!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.9
Remaining Loan Term
22 years, 8 months
Monthly PITI
$1,574.25/mo
Estimated Loan Balance
$244,785
Cash to close
$351,230
Interest Paid
$68,998

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Central
Features
  • Materials: Drywall, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate, Wood

Exterior

Fencing
  • Fencing: Brick, FairCondition, Wire
Roof
  • Roof: Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: None
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Cottage
Materials
  • Drywall, Stucco
  • Roof: Shingle
Condition
  • Year Built: 1945
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks, Park
HOA
  • Has HOA: No
Location
  • Region: Los Angeles

Financial Details

  • Price per Sqft: $409.25
  • Tax Annual Amount: $
  • On Market Date: 2024-09-13T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $351,230 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $351,230!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$223,770
Your Cash:$351,230
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,224/mo
Traditional @ 7.5%
$1,818/mo
You save $594/month ($7,127/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SB24191300

Listing From:

Last updated: 2024-12-10T17:16:41.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.9%
7.15%

Principal & Interest

$1,224 /mo
$1,752 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $351,230 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $351,230!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.9% Sellers Rate
$223,770
Your Cash:$351,230
Total Purchase Price:$575,000

Assumed vs Traditional Mortgage

Assumed @ 3.9%
$1,224/mo
Traditional @ 7.5%
$1,818/mo
You save $594/month ($7,127/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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